ADF Documentation

FINRA supports connectivity to the ADF platform using FIX 4.4 protocol messaging. The following specifications detail the inbound and outbound message layouts for trade reporting and quoting to the ADF system.

• Multifactor Authentication (MFA) Web Help v2.1 (8/20/24)
• Enrolling in Multifactor Authentication (MFA) to Access the TRAQS Website v2.1 (8/20/24)
• ADF FIX Specifications for Quoting v1.3 (1/30/23)
• ADF FIX Specifications for Trade Reporting v1.14 (5/28/24)
• ADF FIX Specifications for Trade Reporting v1.15 (Effective February 23, 2026)
• TRAQS Alternative Display Facility (ADF) User Guide v3.0 (4/29/24)

FINRA ADF Reference Data is supplied via the Web API Specification for the Equity Trade Reporting Facility.

• Web API Specification for the Equity Trade Reporting Facility File Downloads - ADF v3.1 (8/20/24)

For any technology questions regarding the ADF platform, please email FINRA Client and System Management.